Court Urges Ex-Im Bank to Refine Jet-Review Process

A U.S. federal appeals court called on the Export-Import Bank of the U.S. to review its procedures in approving $3.4 billion in loan guarantees provided to Air India Ltd. to buy as many as 30 long-range jets from Boeing Co.

The court, however, rejected an effort to block the bank's support for that deal by a group led by Delta Air Lines Inc. that opposes government-backed loan guarantees for aircraft purchases. Export-credit agencies historically have been used to finance up to 30% of the aircraft delivered by Boeing,...